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Bitcoin is finally entering reversal mode, with the price of the first cryptocurrency sliding in above the $65,000 zone. However, it is still moving below key support levels like the 50 EMA and is currently consolidating at the 100 EMA.

ADA may reclaim the $0.4 price territory if it sees a shift in market sentiment towards it.

On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal.

The Cardano decline in the past week seems to be coming to an end, as evidenced by on-chain data. While the overall crypto market has been in a slump, Cardano is starting to buck the trend.

In a significant development in the Cardano blockchain ecosystem, the voting process for the Interim Constitutional Committee (ICC) began on June 13, marking a pivotal step towards the governance model restructuring under the upcoming Chang hard fork.

Popular on-chain data provider Santiment has published a tweet that may delight the XRP and ADA communities. This good news, per this report, shines despite a large number of traders who are shorting these two cryptocurrencies at the moment.

Heightened shorting of ADA and XRP could be a positive signal for "patient bulls."

Investors increased their bearish bets on prominent cryptocurrencies such as XRP and Cardano Wednesday, raising the prospect of gains in the event of liquidation. What Happened: According to on-chain analytics firm Santiment, XRP and Cardano witnessed heavy shorting following a temporary bounce due to the SEC's decision to withdraw the security probe into Ethereum (CRYPTO: ETH).

Santiments latest analysis highlights that Shiba Inu, Dogecoin, and Cardano are undervalued, increasing the likelihood of a significant price rebound. The most recent findings from Santiment indicate that the 30-day Market Value to Realized Value (MVRV) ratio revealed that a number of assets were undervalued.

On 19 June 2024, Santiment, a renowned crypto analytics firm, posted on social media platform X about the 30-day Market Value to Realized Value (MVRV) ratios of several major cryptocurrencies. The tweet, accompanied by a detailed chart, emphasized the current undervaluation in the crypto market and predicted potential short-term price movements.

Crypto market intelligence platform Santiment has confirmed the ongoing rebound in the price of Cardano (ADA) and XRP. Per the firm, this renewed rally has fueled a new wave of opened short positions.

Undervalued cryptocurrencies set the stage for potential recovery amidst market lull.

According to cryptocurrency analytics platform Santiment, XRP, and Cardano (ADA) are among the most heavily-shorted cryptocurrencies following their recent relief bounces.

The on-chain analytics firm Santiment has revealed that Dogecoin and Cardano are two assets that look “very bullish” according to this metric. Dogecoin & Cardano Currently Have Low 30-Day MVRV Ratios In a new post on X, Santiment has discussed about how some of the top assets in the cryptocurrency sector are looking like right now in terms of the Market Value to Realized Value (MVRV) Ratio.

A new report by on-chain analytics firm Santiment reveals “very bullish” positions for Dogecoin (DOGE), Shiba Inu (SHIB), and Cardano's ADA, based on the market value to realized value (MVRV) metric.

The recent cryptocurrency market downturn has seen the prices of major cryptocurrencies including Bitcoin, Ethereum, XRP, Dogecoin, and Cardano drop significantly. A little-known metric, however, suggests a short-term bounce is due.

Bitcoin is struggling to bounce off $64,500, increasing the possibility of a deeper correction to $60,000.

Of the digital currencies with a rather slow response to general market trends, Cardano (ADA) is one. However, it has made a definitive rebound over the past 24 hours, with its price jumping 3.27% to $0.3855.

ADA price declined to YTD low of $0.359 on Tuesday, but has returned to the upside, with holders' eyes on Chang Hard Fork for fresh momentum.

ADA, a Layer 1 blockchain, has slightly recovered after a recent market surge. According to CoinMarketCap, Cardano price is trading at $0.385 on Wednesday.

A new day on the crypto market brought a new regulatory development, as Ethereum emerged victorious when the SEC closed its investigation into the cryptocurrency. This decision by the regulator means that it will not pursue charges alleging ETH sales as securities transactions, a decision that echoes recent ETF approvals premised on the main altcoin as a commodity.

The U.S. Securities and Exchange Commission (SEC) has permanently closed its Ethereum investigation, which sparked a rally in ETH and altcoins. While the move by the SEC has gained skepticism, especially in the XRP community, does Ether gaining status as a commodity means all proof-of-stake (PoS) cryptocurrencies such as Solana, Cardano, and Polygon are commodities?

The cryptocurrency market recently saw a major drop, with the total market cap falling by over four percent to around $2.5 trillion. The spot Bitcoin ETFs experienced a 3.65% drop, with significant outflows contributing to the market decline.

Shiba Inu, Cardano, and Dogecoin are positioned to outperform Bitcoin, Ethereum, and XRP, according to a recent report by on-chain analytics firm Santiment. The firm's analysis reveals a favorable outlook for these altcoins, based on their 30-day Market Value to Realized Value (MVRV) metrics.